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20121219
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believe are in the u.s. big -- cap with big brand names with great fundamentals, and they are right here in the u.s.? make that the last word. the bell is ringing. maria will pick up the second half of the "closing bell" in just a moment. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our
in the u.s. which seems to be stabilizing, looking this also at the housing market. so business sentiment better than expected. it is rising. the current conditions a little weaker than expected. add to that the financial analyst numbers we had as of late, also better than expected. not too bad. >> patricia, we'll see you again next hour. thank you very much for following all the latest there. >> sure. >>> now, shares in ubs have edged up in early trade after the bank announced a major settlement with u.s., u.k., and swiss regulators over its role in the libor fixing scandal. with more we'll look at the story with carolyn roth with us on set. i guess we're expecting a settlement, expecting something big. what have we learned today? >> well, first of all, i mean, the market reaction -- ubs up by 1%, can you believe that? what barclays was hit with $450 million fine, i mean, we saw a big hit in barclays' share price. this fine is three time the amount that barclays was fined. $1.5 billion or $1.4 billion swiss>>frank: francs. this is on the libor manipulation charges. ubs must pay swiss reg
% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small but powerful picker upper, bounty select-a-size. [ticking] >> so many kids are homeless, school buses now stop at cheap motels. >> i never really noticed what people were actually going through until now. until we're actually going through it, too. >> jacob braverman's family is going through it in one room. after they were evicted, their neighbors took them in. >> you think all this has changed you? >> yeah, and i haven't realized it, but i think i've gotten very mature in a very short amount of time. [ticking] [train horn honking] >> chances are the electricity your tv is using comes from coal. coal, not oil, provides half the country's electricity, and there's a cost. miners die. >> they were great men. they were awesome men. >> that's why melissa lee says she's speaking out... >> thank you all. >> even though, she says, it's caused trouble for her in the county. >> i was receiving phone calls making ugly comments that i need to shut up. [ticking] >> why are hundreds of freezing pe
you very much for taking the time. >> thank you. >> thank you very much for joining us today, michael johnson, the ceo of herbalife. the markets are currently sitting around the lows of the day as we speak. the dow down by about 56 points, and that is it for "street signs" today. "closing bell" is coming up next. >> hi, everybody. good afternoon. we enter the final stretch and welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. scott, good to see you. here with scott wapner. the market near the lows on the day on fears that a deal to avoid the fiscal cliff may actually be a lot further away than we thought. >> more sparring today. deal, i don't know. if you listen to what they are saying today, scott wapner in for bill griffith. the president calling for compromise in a news conference today, but here on wall street there is a bit less optimism for the deal than we've felt in recent days. see where we sit right now. the dow is down 56 points. nasdaq and s&p under some pressure as well right now as we -- there you go. nasdaq is down six and the s&p, maria
doing better. it is hard to be terribly bearish on the u.s. >> y are going to stay with our politico expert. this is a rally that has surprised experts. it hasn't been that easy to be optimistic. >> it is. i think you have to be cautious here. the probability that this could fall apart is very, very real. >> so, you have to be careful up at these levels as a trader. i have low exposure up here. i have protection. that is how you have to play this market. stay with us please. >> yesterday it looked like washington was inching towards a deal. but today, plan b could be signaling differences. we have karen b and sara fagan herself a former political director. i know what it means. no tax rates above $1 million. no tax hikes but why did bay nor decide to do that. what signal is he sending? >> i think what he is telling the president is look, i appreciate you coming around on this, i appreciate you giving, it is not enough. and i'm going to go to the floor and show you, that $400,000 is not a deal republicans are going to accept. the other thing that occurs that, is it is important for hi
are the electricity your tv is using comes from coal. coal, not oil, provides half the country's electricity, and there's a cost. miners die. >> they were great men. they were awesome men. >> that's why melissa lee says she's speaking out... >> thank you all. >> even though, she says, it's caused trouble for her in the cy. >> i was receiving phone calls making ugly comments that i need to shut up. [ticking] >> why are hundreds of freezing people gathering in the middle of the night in this knoxville parking lot? >> who's got number one? number one. number two? >> they're here in hopes of seeing a doctor. this is a clinic set up by remote area medical, a charity founded to bring doctors to the amazon, but now it's a lifeline for the uninsured here at home. >> you drove 200 miles to get here? >> yes, sir. >> and slept in this parking lot for seven or more hours? >> yes, sir. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at the hard times faced by millions of americans during the economic downturn. we begin with american families falling out of the middle class. t
cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the same in either one. that's not -- what reid and i guess pelosi, you saw that, said she opposes the million-dollar thing. a lot of people if back on what they say. the difference would be that one is 250 and below, and
for our great country. the other forces? the transports, banks, u.s. treasury bonds and gold. first, you know i like to watch the transports as a measurement of economic activity. you know it has to be shipped somewhere to be sold. that is why i follow the transports so closely. when they are going up it means there is more commerce happening than thought. planes, trains, truckers and shippers going higher, that above all, is a terrific predictor of growth. today the transports showed signs of growth. i got more negative. a real break out. that would be a signal of a genuine expansion on the rise. the action signaling that could happen. second, the banks are now breaking out of the ranks with the transports. look at the xlf. that is a exchange trade fund. this group is moving to the upside. one that is necessary if we are going to see a legitimate and lasting recovery. it looks like it has had a big run. it is still less than half of where it was a few years ago. we will look at the trading in goldman sachs. it has been lured back to life. that is the case with bank of america. just to g
. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end of this month. >> another challenging quarter for fedex with the blame squarely on sandy. but the stock is up pre-market. >> oracle posts a strong quarter with even stronger guidance. the season rebound in europe. no impact from the fiscal cliff. >> and ge gets boosted from ubs's key call list on the weaker than expected macro environment. still on the list is including -- well tell you in a couple of minutes. >> general motors is up sharply in the pre-market session. the treasury department says it intends to sell the rest of its stak
>>> it is final trade time. ennis, start us off. >> long chub. >> pete? >> love blackstone. steve schwartz man is running a good shop. >> doc? >> hartford. hig calls out there in next year. >> stick to emerging markets. dvye is my method of doing that. >> that does it for us. don't forget to catch more "fast money" tonight at 5:00 p.m. follow me on twitter as always @scottwapner. major averages are still fighting it out. "power lunch" picks up the ball, runs with it right now. >>> lace them up, halftime is over. the second half of the trading day starts now. >> well, just when we thought we were finally getting some movement on the fiscal cliff, talks apparently have hit a snag. president obama threatening to veto house speaker boehner's proposal plan b. he called obama irrational. where do the two sides stand right now, especially on spending? president obama says the nation has a deep obligation to stop gun violence and appoints vice president biden to lead the administration's effort on this. we'll have the details on that and look at the legal implications for gun manufacturer
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
Search Results 0 to 10 of about 11

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